Various Sectors Show Activity

This week’s activity in newbuild sector was spread over various segments, according to Fearnleys report.

After a brake over the last couple of months, another fresh order for a total of seven MR type product carriers was reported. Also, there was a lot of interest in LPGs and chemical carriers.

Various Chinese yards also secured orders for handy to kamsarmax size bulk carriers from international and national owners.

ACTIVITY LEVEL Tankers Dry Bulkers Others Moderate Moderate Mixed

Average Far Eastern Prices

PRICES

PRICES (mill usd) This week Last week Low 2014 High 2014 VLCC 300’dwt USD 102.0 m USD 102.0 m 96.0 102.0 Suezmax 150’dwt USD 68.0 m USD 68.0 m 64.0 68.0 Aframax 110’dwt USD 55.0 m USD 55.0 m 52.0 55.0 Product 50’dwt USD 37.5 m USD 37.5 m 36.0 37.5 Capesize 180’dwt USD 57.0 m USD 57.0 m 55.0 57.0 Panamax 82’dwt USD 31.5 m USD 31.5 m 30.0 31.5 Handymax 64’dwt USD 29.0 m USD 29.0 m 28.0 29.0 Prices are based on payment terms 40/60

NEWBUILDING CONTRACTS

Type No Size Yard Owner Del Mill$ Comm BC 2+2 84000 dwt Sainty W. Marine BC 4 61000 dwt Dacks Fortune Ocean 2016 28/29 BC 4 39000 dwt Nanyang Fortune Ocean 2015/16 BC 2 34000 dwt Namura Lauritzen 2017 PC 7 50300 dwt SPP Greeks 2015/16 Chem 3 33000 dwt Fukuoka Sinochem Chem 1 19000 dwt Fukuoka Tarinus Line LPG 2+2 22000 cbm H. Mipo Stealth 2017 52

[mappress]
June 13, 2014